Sudip Bandyopadhyay’s Blog

Financial crisis causes lot of damage, and ill-conceived post-crisis measures, no matter how well-intended, can only magnify their effects. Examples abound.  For instance, the Smoot-Hawley Tariff Act of 1930, a US law that erected trade barriers, is widely regarded as having added considerable strain to the world economy after the 1929 stock market crash.  However, [...]